SEC 13F Intelligence

Managers / Q4 2023 · view latest →

JTC Employer Solutions Trustee Ltd

CIK 0001875645 · 28 ESPLANADE, ST HELIER, Y9, JE2 3QA · 00441534700000

Reported Value
$1.1B
Q4 2023
Positions
349
Filings on Record
20
2021–present window
Filed
Jan 16, 2024
original filing

Summary

Jtc Employer Solutions Trustee Ltd reported $1.1B in U.S.-listed holdings across 349 positions for Q4 2023.

The portfolio is heavily concentrated: GSK alone accounts for 41.4% of reported value.

Compared with Q3 2023, the fund opened 10 new positions and exited 22.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+79.0%
share of reported value
Largest Position
+41.4%
Gsk
New / Exited
10 / 22
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’21: $678MQ2 ’21Q3 ’21: $747MQ4 ’21: $809MQ1 ’22: $903MQ1 ’22Q2 ’22: $765MQ3 ’22: $602MQ4 ’22: $1.2BQ4 ’22Q1 ’23: $942MQ2 ’23: $1.1BQ3 ’23: $1.1BQ3 ’23Q4 ’23: $1.1BQ1 ’24: $1.6BQ2 ’24: $1.5BQ2 ’24Q3 ’24: $1.5BQ4 ’24: $1.4BQ1 ’25: $1.2BQ1 ’25Q2 ’25: $1.0BQ3 ’25: $1.2BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 46.3%ADR: 44.0%ETP: 8.5%Other: 0.7%REIT: 0.2%Other: 0.1%
  • Common Stock · 46.3% · $513M
  • ADR · 44.0% · $487M
  • ETP · 8.5% · $95M
  • Other · 0.7% · $8M
  • REIT · 0.2% · $3M
  • Other · 0.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PLABPHOTRONICS INCNEW+191.9K191.9K+$4M$4M
MTBASIMPLIFY EXCHANGE TRADED FUNNEW+9.9K9.9K+$509,000$509,000
SCHWSCHWAB CHARLES CORPNEW+2.4K2.4K+$163,000$163,000
MSGEMADISON SQUARE GARDEN ENTMTNEW+4.3K4.3K+$137,000$137,000
ARMARM HOLDINGS PLCNEW+1.4K1.4K+$105,000$105,000
TMFDIREXION SHS ETF TRNEW+1.5K1.5K+$99,000$99,000
ARCH RESOURCES INCNEW+312312+$52,000$52,000
NIONIO INCNEW+1.0K1.0K+$9,000$9,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

271 positions (from 349 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GSKGSK PLChistory →SPONSORED ADR41.35%$458M12.34M
2MSFTMICROSOFT CORPhistory →COM8.81%$98M260.0K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C7.19%$80M566.9K
4JPMJPMORGAN CHASE & COhistory →COM5.14%$57M334.1K
5IVVISHARES TRCORE S&P500 ETF · BROAD USD HIGH · MSCI USA QLT FCT · MSCI INTL QUALTY · MSCI EURO FL ETF · SELECT DIVID ETF · EXPANDED TECH · IBOXX INV CP ETF · RUS 1000 GRW ETF · MSCI EMG MKT ETF · GLOBAL FINLS ETF · ISHARES BIOTECH · SHORT TREAS BD · 7-10 YR TRSY BD · GLB CNS DISC ETF · MSCI USA MMENTM · S&P 500 VAL ETF · IBOXX HI YD ETF · US CONSM STAPLES · S&P MC 400GR ETF · S&P MC 400VL ETF · PFD AND INCM SEC · RUS 2000 VAL ETF · SP SMCP600VL ETF · JPMORGAN USD EMG · MSCI GBL SUS DEV · ROBOTICS ARTIF · MSCI INDONIA ETF4.64%$51M530.9K
6UNPUNION PAC CORPhistory →COM4.62%$51M207.9K
7COSTCOSTCO WHSL CORP NEWhistory →COM1.95%$22M32.5K
8HLNHALEON PLChistory →SPON ADS1.91%$21M2.55M
9AAPLAPPLE INChistory →COM1.78%$20M102.0K
10AIGAMERICAN INTL GROUP INChistory →COM NEW1.60%$18M261.0K
11BACBANK AMERICA CORPhistory →COM1.26%$14M412.8K
12CCITIGROUP INChistory →COM NEW1.15%$13M246.7K
13AMZNAMAZON COM INChistory →COM1.12%$12M80.8K
14SPYSPDR S&P 500 ETF TRTR UNIT0.81%$9M18.7K
15MAMASTERCARD INCORPORATEDCL A0.68%$8M17.8K
16NVDANVIDIA CORPORATIONCOM0.66%$7M14.7K
17GSLGLOBAL SHIP LEASE INC NEWCOM CL A0.66%$7M363.3K
18AXPAMERICAN EXPRESS COCOM0.64%$7M37.5K
19SNOWSNOWFLAKE INCCL A0.59%$7M32.5K
20PAGAYA TECHNOLOGIES LTDCL A SHS0.53%$6M2.76M
21QQQINVESCO QQQ TRUNIT SER 10.50%$6M13.6K
22SYFSYNCHRONY FINANCIALCOM0.50%$6M145.0K
23BRK/ABERKSHIRE HATHAWAY INC DELCL A0.44%$5M9
24VOOVANGUARD INDEX FDSS&P 500 ETF SHS · SMALL CP ETF · VALUE ETF · REAL ESTATE ETF0.42%$5M12.8K
25CBRECBRE GROUP INCCL A0.42%$5M50.0K
26COFCAPITAL ONE FINL CORPCOM0.42%$5M35.0K
27TDTORONTO DOMINION BK ONTCOM NEW0.41%$5M71.3K
28RCIROGERS COMMUNICATIONS INCCL B0.41%$5M97.7K
29SCHPSCHWAB STRATEGIC TRUS TIPS ETF · US REIT ETF0.37%$4M90.8K
30DASHDOORDASH INCCL A0.37%$4M40.3K
31CXCEMEX SAB DE CVSPON ADR NEW0.36%$4M502.0K
32PLABPHOTRONICS INCCOM0.35%$4M191.9K
33EWJISHARES INCMSCI JPN ETF NEW · MSCI BRAZIL ETF · MSCI WORLD ETF · MSCI GLB SLV&MTL · MSCI GBL GOLD MN · CORE MSCI EMKT · MSCI MEXICO ETF · MSCI TURKEY ETF0.35%$4M71.5K
34DALDELTA AIR LINES INC DELCOM NEW0.33%$4M90.0K
35PYPLPAYPAL HLDGS INCCOM0.31%$3M55.1K
36FCXFREEPORT-MCMORAN INCCL B0.31%$3M80.0K
37AALAMERICAN AIRLS GROUP INCCOM0.31%$3M244.7K
38AAALCOA CORPCOM0.30%$3M95.4K
39TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.29%$3M30.3K
40DIASPDR DOW JONES INDL AVERAGEUT SER 10.24%$3M7.0K
41DISDISNEY WALT COCOM0.21%$2M25.2K
42CVXCHEVRON CORP NEWCOM0.21%$2M15.2K
43EXMOCEXXON MOBIL CORPCOM0.19%$2M21.4K
44SLGSL GREEN RLTY CORPCOM0.19%$2M45.4K
45ARKKARK ETF TRINNOVATION ETF · NEXT GNRTN INTER · AUTNMUS TECHNLGY · GENOMIC REV ETF0.19%$2M38.1K
46MNTKMONTAUK RENEWABLES INCCOM0.17%$2M197.9K
47MBIMBIA INCCOM0.15%$2M280.0K
48LAZARD LTDSHS A0.14%$2M45.0K
49VTVANGUARD INTL EQUITY INDEX FTT WRLD ST ETF · FTSE EUROPE ETF · FTSE EMR MKT ETF0.14%$2M22.4K
50CNICANADIAN NATL RY COCOM0.14%$2M12.2K
51METAMETA PLATFORMS INCCL A0.13%$1M4.1K
52VGTVANGUARD WORLD FDSINF TECH ETF · FINANCIALS ETF0.13%$1M3.9K
53GLDSPDR GOLD TRGOLD SHS0.12%$1M6.9K
54URNMSPROTT FDS TRURANIUM MINERS E · ENERGY TRANSITIN0.11%$1M28.6K
55GLWCORNING INCCOM0.11%$1M40.0K
56FWONKLIBERTY MEDIA CORP DELCOM LBTY SRM S C · COM LBTY ONE S C · COM LBTY SRM S A · COM LBTY LIV S C · COM LBTY ONE S A · COM LBTY LIV S A0.10%$1M32.5K
57MCDMCDONALDS CORPCOM0.09%$1M3.5K
58QQQJINVESCO EXCH TRADED FD TR IIS&P500 LOW VOL · NASDAQNXTGEN100 · SR LN ETF · PFD ETF0.09%$994,00022.4K
59BXBLACKSTONE INCCOM0.09%$953,0007.2K
60RYROYAL BK CDACOM0.08%$939,0009.3K
61KKRKKR & CO INCCOM0.08%$930,00011.1K
62XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · FINANCIAL · SBI INT-UTILS · RL EST SEL SEC0.08%$930,0009.2K
63LBRDKLIBERTY BROADBAND CORPCOM SER C · COM SER A0.07%$783,0009.7K
64BARCLAYS BANK PLCDJUBS CMDT ETN360.06%$697,00022.7K
65DWMWISDOMTREE TRINTL EQUITY FD · JAPN HEDGE EQT · NEW ECON REAL ES · US LARGECAP DIVD · EMER MKT HIGH FD0.06%$667,00015.1K
66KRANESHARES TRCSI CHI INTERNET · GLOBAL CARB STRA0.06%$648,00023.8K
67DEDEERE & COCOM0.06%$633,0001.6K
68COINCOINBASE GLOBAL INCCOM CL A0.05%$602,0003.2K
69NFLXNETFLIX INCCOM0.05%$520,0001.1K
70MTBASIMPLIFY EXCHANGE TRADED FUNMBS ETF0.05%$509,0009.9K
71NKENIKE INCCL B0.05%$505,0004.6K
72ORCLORACLE CORPCOM0.04%$485,0004.6K
73ABNBAIRBNB INCCOM CL A0.04%$470,0003.4K
74TGTTARGET CORPCOM0.04%$450,0003.2K
75VVISA INCCOM CL A0.04%$443,0001.7K
76GDXVANECK ETF TRUSTGOLD MINERS ETF · AGRIBUSINESS ETF · JUNIOR GOLD MINE · URANIUM PLS NUCL0.04%$442,00010.3K
77PBAPEMBINA PIPELINE CORPCOM0.04%$438,00012.8K
78QCOMQUALCOMM INCCOM0.04%$438,0003.0K
79MMM3M COCOM0.04%$431,0003.9K
80CCJCAMECO CORPCOM0.04%$409,0009.6K
81EQXEQUINOX GOLD CORPCOM0.04%$409,00082.1K
82AAAUGOLDMAN SACHS PHYSICAL GOLDUNIT0.03%$365,00017.8K
83JNJJOHNSON & JOHNSONCOM0.03%$349,0002.2K
84TSLATESLA INCCOM0.03%$338,0001.3K
85WSOWATSCO INCCOM0.03%$334,000780
86GENERAL ELECTRIC COCOM NEW0.03%$322,0002.5K
87COPCONOCOPHILLIPSCOM0.03%$315,0002.7K
88XBISPDR SER TRS&P BIOTECH · BLOOMBERG HIGH Y · OILGAS EQUIP0.03%$304,0003.4K
89MPCMARATHON PETE CORPCOM0.03%$300,0002.0K
90PEPPEPSICO INCCOM0.03%$300,0001.8K
91LILABLIBERTY LATIN AMERICA LTDCOM CL A · COM CL C0.03%$295,00040.5K
92CATCATERPILLAR INCCOM0.02%$274,000920
93COLOGLOBAL X FDSGLBX MSCI COLUM · GLOBAL X URANIUM · MSCI GREECE ETF · GLOBAL X COPPER · GBL X MSCI NIGER0.02%$272,00011.8K
94IMCRIMMUNOCORE HLDGS PLCADS0.02%$268,0003.9K
95BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.02%$257,0003.3K
96DKDELEK US HLDGS INC NEWCOM0.02%$256,0009.8K
97WMTWALMART INCCOM0.02%$236,0001.5K
98PARAMOUNT GLOBALCLASS B COM0.02%$235,00015.5K
99VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.02%$235,0001.4K
100SYKSTRYKER CORPORATIONCOM0.02%$233,000781

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.2B308May 19, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B315Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B315Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.0B310Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.2B318Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B323Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B334Oct 18, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.5B333Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.6B343Apr 19, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.1B349Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.1B361Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B367Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$942M375Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B396Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$602M324Nov 2, 202213F-HRchanges · EDGAR ↗
Q2 2022$765M299Jul 22, 202213F-HRchanges · EDGAR ↗
Q1 2022$903M307May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$809M311Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$747M310Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$678M304Aug 10, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.